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BREAKING: FCC Votes To Impose Tough Net Neutrality Rules

The Federal Communications Commission voted Thursday to impose tough new rules for net neutrality, capping off more than a year of high-profile wrangling with a measure that's nearly certain to bring a court challenge.

  • Ex-McGinn Smith Brokers Punished In $125M Scheme

    The U.S. Securities and Exchange Commission on Thursday punished nine former McGinn Smith & Co. brokers in connection with an alleged $125 million investment scheme.

  • Wachtell Ducks Icahn's Malpractice Claim Over Deal Fees

    A New York state judge has tossed CVR Energy Inc.’s malpractice claim against Wachtell Lipton Rosen & Katz stemming from $37 million in fees incurred by the company as part of Carl Icahn’s takeover, according to an order filed Wednesday, finding CVR can’t argue the firm was responsible for the financial hit.

  • Fontainebleau Reaches $115M Deal With Resort Investors

    The failed $2.9 billion Fontainebleau Resort and Casino in Las Vegas has reached a $115 million settlement with investors who say the company kept two sets of books to doctor construction costs, according to lawyers for the plaintiffs.

  • Caesars Juniors Want Kirkland DQed Over Sponsor Ties

    Junior creditors pushed Wednesday to disqualify Kirkland & Ellis LLP bankruptcy attorneys from representing Caesars Entertainment Operating Co. over the firm’s “extensive” connections with private equity shareholders accused of looting billions from the largest U.S. casino operator.

  • Barnes & Noble Finally Set To Spin Off Education Unit

    Barnes & Noble Inc. on Thursday formally filed plans to spin off its college books unit from its retail business, creating two separate, publicly traded companies, in a move meant to allow each entity to better thrive thanks to sharper strategic clarity.